Master of Science (M.S.) in Applied Economics

The M.S. in Applied Economics, a STEM Designated Degree Program, will prepare you to use the data analysis and tools organizations rely on to evaluate policies and programs, develop forecasts, better understand consumer behavior, and analyze marketing efforts. Housed at a top-tier research institution and taught by a faculty of accomplished academics and current industry practitioners, Boston College's M.S. in Applied Economics also emphasizes ethical decision-making—a hallmark of Jesuit education. 


At Boston College, you can pursue your master's degree full time or part time. Classes are held in the evenings, allowing students to continue working or take on internships while studying. 


The program of study includes five core requirements that give you a solid foundation in the theoretical and quantitative tools of economic analysis and an ethics-based approach to public policy. Five elective courses in subjects such as big data, health care economics, economics of banking and insurance, marketing research, and economic development round out the curriculum. 


The program emphasizes the practical application of coursework and academic study. Guided by faculty members who are seasoned professionals, you will learn to analyze data and work with data analysis tools. Experience with the hands-on work economists do will prepare you to "hit the ground running" upon graduation. 

After just one semester in the MSAE program I have already been able to apply some of the concepts in everyday situations at work to solve problems around pricing and forecasting. Without training in statistical modeling programs like Stata and R that I received in the MSAE program my solutions to these problems could not have been as accurate or robust.
Michael D. Hanson '18, Manager, New Product Development, Verizon Labs

At a Glance

How many courses?

Ten courses—five core courses and five elective courses—are required to complete the M.S. in Applied Economics program.


Study full- or part-time. Tailored to the needs of technical professionals and individuals seeking knowledge to advance their careers.

How much does it cost?

    $1172/credit. At current tuition rate, the total cost of the MS degree is $35,160

Skills in Demand


job growth in the Greater Boston area for graduates
with a master’s degree in applied economics, 2010-13.

Our Faculty

What will I study?


  • Courses: 10
  • Credits: 30

Fall 2019 Course Offerings

Where do our students and graduates work?


Research associate, Federal Reserve Bank of Richmond

Transfer Pricing Analyst, Ernst and Young

Data & Continuous Improvement Analyst, Reading and Beyond / RAB

Assistant Director of Savings Research, Center for Retirement Research


Application Information


Please mail transcripts materials to:

Boston College
Woods College of Advancing Studies Admissions Office
St. Mary's Hall South
140 Commonwealth Avenue
Chestnut Hill, MA 02467


Please Note
Applications are accepted on a rolling basis.

Online Application


Bachelor’s degree from an accredited college/university (minimum GPA 3.0)

Prerequisite courses:

Principles of Microeconomics, Principles of Macroeconomics, Statistics, Calculus I and II (Calculus II may be taken concurrently at Boston College or elsewhere during your first semester of study.)

Application fee $60 (to be paid as part of the online application)

Start Your Application


To be uploaded to your online Application Form

Personal Statement

To be uploaded to your online Application Form.

In 1,000-1,500 words, describe your academic and professional goals, any experience relevant to this program, and your future plans, expectations, and aspirations.

Letters of Recommendation

Two letters of recommendation (Letters must be sent directly from recommender either through online application portal or directly to Woods College.  We will not accept letters that are not in a sealed envelope mailed directly from recommender or emailed directly from recommender).


Transcripts from each college or university in which you were enrolled.

Boston College Alumni and Current Students:
Your BC transcript must be formally requested from the Office of Student Services and submitted to the Woods College. Woods cannot request or access transcripts independently. 


Interview is optional or may be required by program director. 


Fall 2019 Completed Application Received By Decision Letter Sent By:
Early Deadline

February 1, 2019

February 15, 2019

Regular Deadline

March 15, 2019

April 1, 2019

Rolling Admission

After March 15, 2019

(International Students applying for Fall 2019 must submit an application by June 17th).

No later than 4 weeks after completion of the admission process

Spring 2020

Completed Application Received By:

Decision Letter Sent By:

Early Deadline

November 1, 2019

(International Students applying for spring 2019 must submit an application by November 1st. Applications received after November 1st will be considered for the summer semester)

November 15, 2019

Regular Deadline

December 13, 2019

December 20, 2019

Rolling Admission

After December  13, 2019

No later than 4 weeks after completion of the admission process

Standardized Tests

  • GRE (reporting code 7534) or GMAT (reporting code 44X-HX-07) scores
  • TOEFL (reporting code 3276) or IELTS scores (if applicable) from within the past two years

Woods College Events